MicroStrategy Purchased 1,070 BTC as Bitcoin Receive More Boost

MicroStrategy announced its purchase of 1,070 BTC for $101 Million. The recent acquisition, disclosed in a Form 8-K filing with the Securities and Exchange Commission (SEC), brings its total Bitcoin holdings to a staggering 447,470 BTC, valued at approximately $45 billion at the time of writing.

MicroStrategy Makes Ninth Consecutive Purchase

The purchase marks the ninth consecutive week of the company’s Bitcoin acquisition, solidifying its position as a major player in the market. As of January 5th, 2025, MicroStrategy held 447,470 BTC, acquired at a weighted average price of approximately $62,503 per BTC, representing a total investment of roughly $27.97 billion.

The recent purchase, averaging approximately $94,004 per Bitcoin, further increases the company’s overall investment. Remarkably, MicroStrategy reported a yield of 48.0% in Q4 2024 and a substantial 74.3% for the entire fiscal year, showcasing the significant returns generated from its holdings.

However, the recent purchase occurred amidst fluctuating BTC prices. Following the acquisition, MicroStrategy’s shares, recently added to the Nasdaq 100, experienced a decline of over 6% as Bitcoin’s price temporarily dipped below the $100,000 mark.

Bitcoin Hit $100K, Outdo it’s Previous High

Despite this short-term market correction, Bitcoin has since demonstrated renewed bullish momentum. Having traded below the crucial $100,000 threshold for several weeks, Bitcoin has reclaimed this psychological barrier, currently trading at $102,368, a 4.5% surge in the past 24 hours. This resurgence brings it closer to its all-time high of $108,000, achieved in late 2024.

The resurgence of Bitcoin in early 2025 follows a year of significant growth and market-defining events. 2024 witnessed Bitcoin repeatedly achieving new all-time highs (ATH) following the November presidential election victory of Donald Trump, a candidate known for his pro-cryptocurrency stance.

Furthermore, this renewed optimism, contrasting with the challenges faced during the previous administration, is further compounded by the April BTC halving, the US approval of spot Bitcoin exchange-traded funds (ETFs), and the growing corporate adoption of digital assets.

Although Bitcoin trades approximately 10% below its recent ATH of $108,135, analysts remain optimistic, predicting a new ATH in Q1 2025. For instance, experienced investor Jason A. Williams points to Bitcoin’s recent consolidation period as a potential precursor to a significant price breakout. Williams anticipates a price surpassing $131,500 by Q1 2025, highlighting the $95,800 resistance level as a key indicator of future price direction.